The following are the headlines discussed at Aldwin Callen's Monday morning briefing:
- US stocks fell (the S&P 500 down 3.9 percent last week) on concerns about a trade war and a global economic slowdown.
- The Trump administration will impose tariffs on $50 billion in Chinese imports; China is expected to retaliate.
- The Federal Reserve hiked interest rates in the United States, as expected; two more rises are expected in 2018.
- President Trump signed a $1.3 trillion federal budget measure, preventing the government from shutting down.
- Facebook has been chastised for not doing enough to protect the personal information of its users.
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